Cherry SE reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 28.7 million compared to EUR 32.96 million a year ago. Net loss was EUR 5.32 million compared to EUR 0.253 million a year ago.

Basic loss per share from continuing operations was EUR 0.23 compared to EUR 0.01 a year ago. Diluted loss per share from continuing operations was EUR 0.23 compared to EUR 0.01 a year ago.